...were Advanced Communications Corp. (1992), Metromedia Communication Corp.(1993), Resurgens Communications Group(1993), IDB Communications Group, Inc (1994), Williams Technology Group, Inc. (1995), and MFS Communications Company (1996). The acquisition of MFS included UUNET Technologies, Inc., which had been acquired by MFS shortly before the merger with WorldCom. In February 1998, a complex transaction saw WorldCom purchase online pioneer CompuServe from its parent company H&R Block. WorldCom then retained the CompuServe Network Services Division, sold its online service to America Online, and received AOL's network division, ANS. The acquisition of Digex (DIGX) in June 2001 was also complex; Worldcom acquired Digex's corporate parent, Intermedia Communications, and then sold all of Intermedia's non-Digex assets to Allegiance Telecom. November 10, 1997, WorldCom and MCI Communications announced their US$37 billion merger to form MCI WorldCom, making it the largest merger in US history. On September 15, 1998 the new company, MCI WorldCom, opened for business, after MCI divested itself of its successful "internetMCI" business to gain approval from US Department of Justice. June 1999 with WorldCom’s shares trading at $64, Bernie Ebbers was a billionaire and WorldCom was the darling of the New Economy. Thus began the end...
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...Public Disclosure Authorized WPS6107 Policy Research Working Paper 6107 Public Disclosure Authorized Financial Literacy around the World An Overview of the Evidence with Practical Suggestions for the Way Forward Lisa Xu Bilal Zia Public Disclosure Authorized Public Disclosure Authorized The World Bank Development Research Group Finance and Private Sector Development Team June 2012 Policy Research Working Paper 6107 Abstract Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research. This paper is a product of the Finance and Private Sector Development Team, Development Research Group. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://econ.worldbank.org. The author may be contacted at bzia@worldbank.org. The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development...
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...REPORT OF INVESTIGATION BY THE SPECIAL INVESTIGATIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WORLDCOM, INC. Dennis R. Beresford Nicholas deB. Katzenbach C.B. Rogers, Jr. Counsel Wilmer, Cutler & Pickering Accounting Advisors PricewaterhouseCoopers LLP March 31, 2003 I. SUMMARY AND CONCLUSIONS ................................................................................. 1 A. The Nature of the Accounting Fraud....................................................................... 9 1. 2. B. C. D. E. Reduction of Reported Line Costs .............................................................. 9 Exaggeration of Reported Revenues ......................................................... 13 WorldCom’s Culture ............................................................................................. 18 Compromising Financial Arrangements ............................................................... 24 Why WorldCom’s Auditors Did Not Discover the Fraud..................................... 25 WorldCom’s Governance...................................................................................... 29 1. 2. 3. 4. Board’s Lack of Awareness of Accounting Fraud .................................... 29 Adequacy of Board’s Oversight of Company ........................................... 30 Stock Sales ................................................................................................ 33 Lease of Airplane to Chairman of Compensation Committee ......
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...ABRIDGED GIVING WINGS TO WORLD ECONOMIC RECOVERY THROUGH MEDIA AND COMMUNICATION INNOVATIONS. BY DR ISAH MOMOH, 16 AUGUST, 2011 Tels: 234 803 196 1363; 802 325 8362; 809 569 3433 Email: imomoh@smc.edu.ng; isahmomoh3@yahoo.com; isahmomoh@gmail.com. School of Media and Communication (SMC) Pan African University, 2 Ahmed Onibudo Street, Victoria Island, Lagos, Nigeria Tels: 01 4616170-2; 2711617-20 Email: info@smc.edu.ng Abstract This paper posits that the current economic recovery of the world from the recent economic melt down is largely due more to more honest, humble and sincere forms of communication and similar changes in the global information system. It holds that the pace and strength of recovery and its sustenance would be accelerated by innovations in global communication and information systems as well as orientation towards more honesty, consideration and concern for the world as one global economic, political and environmental system of linked and inter-dependent parts. Traditionally, journalism and mass communication as a whole demand that news and all professional communications be truthful and factual. They require that opinions be clearly stated and separated from facts through the doctrine that “facts are sacred” and “opinions are free”. It has also been the tradition, under the developmental communication theory to insist that news and professional communications as reports...
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...Accounting 421 Course Discussion Packet Winter 2012 Tyee Carr Study Guide, Midterm Exam Review and Final Exam Review ***These notes are provided to assist in your own note taking. They are not a substitute for reading the recommended textbook or for taking your own notes during class discussion. The information and examples provided here are subject to technical corrections or other revisions which you won't have without taking notes in class. Contents Taxable Entities, Sources of Tax Law and Tax Administration 5 Case: Firefighting Aircraft 6 Discussion questions 7 Review questions 8 The Individual Income Tax Model 10 Case: George and Sheena Jungle’s 1040 Tax Return 10 Discussion Questions 10 Review questions 11 Gross Income 13 Case: Commissioner v. Glenshaw Glass Co.\William Goldman Theatres Inc. (U.S. 1955) 13 Discussion questions 19 Case: Lucas v. Earl United States Supreme Court. 1930 20 Discussion questions 21 Review questions 21 Exclusions 22 Case study: Tom Daschle withdraws from nomination as HHS Secretary, 2009 23 Discussion questions 23 Case: Sam and Julie 24 Discussion questions 24 Case: Ralph and Betsy are landlords 25 Discussion questions 26 Case: Mark who lives in unit 6 27 Discussion questions 27 Case: Jack’s Restaurants 28 Discussion questions 28 Review questions 29 Tax Basis and Capital Transactions 32 Case: What’s my income on selling this stock? 32 Discussion questions...
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...THE IMPACT OF MOBILE MONEY SERVICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN AN URBAN TOWN IN KENYA BY KENNETH M. NYAGA A DISSERTATION SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (CORPORATE MANAGEMENT) IN THE SCHOOL OF BUSINESS AND PUBLIC MANAGEMENT AT KCA UNIVERSITY NOVEMBER, 2013 DECLARATION I declare that this dissertation is my original work and has not been previously published or submitted anywhere for award of a degree. I also declare that this contains no material written or published by other people except where due reference is made and author duly acknowledged. Student Name: ______________________ Sign: __________________________ Registration Number: ________________ Date: ___________________ I do hereby confirm that I have examined the master’s dissertation of: Kenneth Miriti Nyaga And have certified that all revisions that the dissertation panel and examiners recommended have been adequately addressed. Signed _______________________________ Date ___________________ Dr. Okonga-Wabuyabo, Brigitte M. Dissertation Supervisor ii ABSTRACT Since the launch of mobile money services in Kenya in 2007, the number of subscriptions has grown to approximately 48% of entire the Kenyan population. This overwhelming uptake has been attributed to the affordability and accessibility of the service, especially among low income earners. The main challenges of mobile money...
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...World Development Vol. 41, pp. 51–66, 2013 Ó 2012 Elsevier Ltd. All rights reserved 0305-750X/$ - see front matter www.elsevier.com/locate/worlddev http://dx.doi.org/10.1016/j.worlddev.2012.06.012 Gender in Transition: The Case of North Korea STEPHAN HAGGARD University of California, San Diego, USA and MARCUS NOLAND * Peterson Institute for International Economics, USA East-West Center, USA Summary. — This paper uses survey data to examine the experience of women in North Korea’s economic transition. Women have been shed from state-affiliated employment and thrust into a market environment characterized by weak institutions and corruption. More than one-third of men indicate that criminality and corruption is the best way to make money, and 95% of female traders report paying bribes. The increasingly male-dominated state preys on the increasingly female-dominated market. Energies are directed toward survival and this population appears to lack the tools to act collectively to improve their status. Ó 2012 Elsevier Ltd. All rights reserved. Key words — gender, transition, refugees, North Korea 1. INTRODUCTION emphasis on the dramatic shifts that occurred as the state socialist system broke down during the famine of the mid-1990s and the country experienced “marketization from below.” We then turn to an examination of the sample, household economics and the implications of the fact that North Korean women have been disproportionately involved in marketization...
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...Oracle® Database Concepts 10g Release 2 (10.2) B14220-02 October 2005 Oracle Database Concepts, 10g Release 2 (10.2) B14220-02 Copyright © 1993, 2005, Oracle. All rights reserved. Primary Author: Michele Cyran Contributing Author: Paul Lane, JP Polk Contributor: Omar Alonso, Penny Avril, Hermann Baer, Sandeepan Banerjee, Mark Bauer, Bill Bridge, Sandra Cheevers, Carol Colrain, Vira Goorah, Mike Hartstein, John Haydu, Wei Hu, Ramkumar Krishnan, Vasudha Krishnaswamy, Bill Lee, Bryn Llewellyn, Rich Long, Diana Lorentz, Paul Manning, Valarie Moore, Mughees Minhas, Gopal Mulagund, Muthu Olagappan, Jennifer Polk, Kathy Rich, John Russell, Viv Schupmann, Bob Thome, Randy Urbano, Michael Verheij, Ron Weiss, Steve Wertheimer The Programs (which include both the software and documentation) contain proprietary information; they are provided under a license agreement containing restrictions on use and disclosure and are also protected by copyright, patent, and other intellectual and industrial property laws. Reverse engineering, disassembly, or decompilation of the Programs, except to the extent required to obtain interoperability with other independently created software or as specified by law, is prohibited. The information contained in this document is subject to change without notice. If you find any problems in the documentation, please report them to us in writing. This document is not warranted to be error-free. Except as may be expressly permitted in your license agreement...
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...MBA Program Course: Financial Analysis and Decision Making MBA730 Instructor: Marlena L. Akhbari Wright State University Finance and Financial Services McGraw-Hill/Irwin =>? McGraw−Hill Primis ISBN: 0−390−42334−3 Text: Case Studies in Finance: Managing for Corporate Value Creation, 4/e Bruner This book was printed on recycled paper. MBA Program http://www.mhhe.com/primis/online/ Copyright ©2003 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 MBAP ISBN: 0−390−42334−3 MBA Program Contents Bruner • Case Studies in Finance: Managing for Corporate Value Creation, 4/e II. Financial Analysis and Forecasting 1 1 6 16 16 39 52 52 60 66 66 84 100 100 6. The Financial Detective, 1996 11. ServerVault: ‘‘Reliable, Secure, and Wicked Fast’’ III. Estimating the Cost of Capital 12. ‘‘Best Practices’’ in Estimating the Cost of Capital: Survey and Synthesis 15. Teletech Corporation, 1996 IV. Capital Budgeting and Resource Allocation 19. Diamond...
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...MBA Program Course: Financial Analysis and Decision Making MBA730 Instructor: Marlena L. Akhbari Wright State University Finance and Financial Services McGraw-Hill/Irwin =>? McGraw−Hill Primis ISBN: 0−390−42334−3 Text: Case Studies in Finance: Managing for Corporate Value Creation, 4/e Bruner This book was printed on recycled paper. MBA Program http://www.mhhe.com/primis/online/ Copyright ©2003 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 MBAP ISBN: 0−390−42334−3 MBA Program Contents Bruner • Case Studies in Finance: Managing for Corporate Value Creation, 4/e II. Financial Analysis and Forecasting 1 1 6 16 16 39 52 52 60 66 66 84 100 100 6. The Financial Detective, 1996 11. ServerVault: ‘‘Reliable, Secure, and Wicked Fast’’ III. Estimating the Cost of Capital 12. ‘‘Best Practices’’ in Estimating the Cost of Capital: Survey and Synthesis 15. Teletech Corporation, 1996 IV. Capital Budgeting and Resource Allocation 19. Diamond...
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...cyan magenta amarillo negro Contabilidad 1 es una obra concebida y desarrollada para la enseñanza y el aprendizaje de la contabilidad, que describe la parte operativa de esta disciplina, con orientación a la toma de decisiones. Cada tema del libro se desarrolla a través de una estructura muy clara: al principio se establecen los objetivos, y luego se ofrece una explicación acerca de los orígenes del tema, posteriormente se definen los conceptos más importantes, y por último, se proporcionan ejercicios de diversa complejidad. Cada tema presenta cuatro tipos de ejercicios (resueltos, individuales, colectivos y optativos); algunos de ellos pueden ser resueltos con el software incluido en el libro. Entre los temas más importantes que desarrolla esta obra se encuentran: • Normas de Información Financiera • Cuentas de resultados, deudoras y acreedoras • Inventarios • El estado de resultados • Registro de operaciones en diario y en paquetes de cómputo • Ajustes y la nueva elaboración de estados financieros • Estado de cambios en la situación financiera • Análisis de estados financieros Para obtener más información, visite: www.pearsoneducacion.net/calleja www.FreeLibros.me www.FreeLibros.me Contabilidad 1 Francisco Javier Calleja Bernal Instituto Tecnológico y de Estudios Superiores de Monterrey, Campus ciudad de México Revisión técnica Miguel Ángel Rodríguez Gutiérrez Universidad Iberoamericana Prentice Hall www.FreeLibros.me Datos de...
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...Getting Started Guide for Administrators For Numara FootPrints®, Numara FootPrints® for eService Version 9.0 Numara Software Inc. Numara FootPrints Getting Started for Administrators Manual: Rev 9.0 Numara Software numarasoftware.com info@numarasoftware.com 800.222.0550 (US and Canada) 732.287.2100 (International) © 2008 Numara Software, Inc. Numara and Numara Software are trademarks and FootPrints is a registered trademark of Numara Software, Inc. All other trademarks are the property of their respective owners. 2 Numara FootPrints Admin Guide Table of Contents Chapter 1: Welcome to Numara FootPrints .............................................................1 What's New in Numara FootPrints 9.0?.............................................................................2 Numara Software FootPrints Versions and Add-ons..................................................4 Numara FootPrints Requirements.........................................................................................5 Numara FootPrints Documentation......................................................................................8 Technical Support ..........................................................................................................................9 Chapter 2: Numara FootPrints Concepts ............................................................... 11 Projects ......................................................................................................
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